1 RICHARD WELFORD CASE STUDY Table of Contents Introduction...................................................................................................................2 Discussion....................................................................................................................2 Section 1: Analysis of Organizational Strategic Position..........................................2 1. Identification and Application of 2 Appropriate Tools and Techniques for Internal and External Environment Analysis.........................................................2 2.AnalysisofOrganizationalStrategicPositionwithLeadershipand Communication,CompanyCulture,CompanyPosition,Strengthsand Limitations of tools and Requirements of Customers...........................................5 3. Identification of Major Issues that should be addressed by Tata Group...........6 Section 2: Three Recommendations for the Organization.......................................6 Section 3: Procedure of Implementation of Recommendations...............................7 1. Explanation of Organization Implementing Recommendations for Supporting the Changes..........................................................................................................7 2.AnalysisofLeadershipStyles,VisionCommunicationandLeadership Strategy and its Impact..........................................................................................8 3. Actions to be taken by Tata Group for Achieving the Recommendations........9 Section 4: Critical Reflection on the CMI Module with Gibbs Reflective Cycle......10 Conclusion..................................................................................................................11 References.................................................................................................................12
2 RICHARD WELFORD CASE STUDY Introduction Strategicanalysisofanyorganizationistheexternalreviewofwhatis occurring within the environment in which the respective company is operating in present, short, medium as well as long term futures (Zott and Amit 2013). Richard Welford is consultant and managing director of Evolve SBC and Non-Executive Director of Dudley Group NHS Foundation Trust. Previously, he had worked in Tata Group and gained significant experiences in industry and business. The following report outlines a brief discussion on the IMC or Integrated Marketing Communication report on Tata Group, in which Richard Welford has worked for several years. This report is subdivided into four sections. The first section involves proper analysis of the organizational strategic position. The second section provides three distinct recommendations for the organization regarding leadership and communications strategy. The third section of the report describes the procedure of recommendation implementation with leadership styles, vision communication and leadership strategy with its impact on Tata. The final section critically reflects the learning experience with Gibbs reflective cycle model. Discussion Section 1: Analysis of Organizational Strategic Position Tata Group is an Indian multinational conglomerate holding organization that has its headquarters in Mumbai, India. It was founded by Jamshedji Tata in 1868 and recently is considered as one of the most popular and significant organizations in the world (Tata.com. 2018). The major products involve airlines, automotive, telecommunications, steel, electric utility, finance, healthcare, IT services, chemicals and many others. 1. Identification and Application of 2 Appropriate Tools and Techniques for Internal and External Environment Analysis There are two stages for strategic analysis in any organizational environment, which are internal and external analysis (Caparet al. 2013). This environmental analysis comprises of an important and significant role by simply indicating the potential and current threats or opportunities outside the organization within its externalenvironment.Theintentofanyenvironmentalanalysisishelpingthe company in strategy development by keeping the decision makers informed about its
3 RICHARD WELFORD CASE STUDY external environment. Richard Welford has worked in Tata Group organization for severalyears.Aproperoutlineoftheenvironmentfordiscoveringthemajor opportunities and strengths. This type of analysis facilitates the strategic thinking within any company and helps in undertaking strategic decisions (Rothaermel 2015). The environmental analysis of Tata Group is as follows: i)Internal EnvironmentalAnalysis: Theinternalenvironmentalanalysis could becompleted with the help of SWOT analysis. The proper SWOT analysis of Tata Group as per the case study of Richard Welford is as follows: StrengthsWeaknesses i) Global network delivery model within the field of information technology is the first strength of this organization. ii) The customers are satisfied with the products of Tata Group and this is a major strength of this company (Merat and Bo 2013). iii) Overseas acquisition is yet another important strength of Tata Group. iv) The fourth strength of Tata Group is diversification of the products. v) The fifth significant strength of this particular organization is the utilization of upgraded technology. vi) Richard Welford has also noted the strengthofmanagingbusiness processes. i) The first weakness of this Tata Group organization is the inability of holding market strategy. ii) Although, Tata Group has launched several products, few of their products are not accepted by its customers. iii) Another significant weakness of this organization is that they are not being abletoexpandtheirrealestate business, insurance sector as well as housing sector. iv) Tata Group does not focus on their marketingstrategyandhencenew customersareoftenreluctanttouse theirproducts(DuttaandJackson 2013). v) They have made late entry in the wireless communication strategy. OpportunitiesThreats i) The first and the foremost opportunity of Tata Group in respect to the case study of Richard Welford is merger and collaboration with several other bigger organizations in various sectors. i) Stronger market capitalization is the first vital threat for Tata Group for every sector.Thisismajorinautomobile industry. ii) The free Indian market is the second
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4 RICHARD WELFORD CASE STUDY ii)Anothersignificantopportunityof Tata Group organization is their entry in newmarket,exportsaswellas acquisitions. iii)Focusingontheconsumers’ products is the next vital and noteworthy opportunityforTataGroupandtheir success (Ho 2014). iv)AsperRichardWelford,the expansion within the countries like the UnitedKingdom,UnitedStatesof America, Middle East and Australia. distinctthreatforTataGroup (Amaldoss, Desai and Shin 2015). iii) There are several other public sector units as well and these could turn out to be threats for this organization. ii)External Environmental Analysis: The external environmental analysis could be completed with the help of PEST analysis. The details of this tool and technique for Tata Group are provided below: a)Political Factors: These factors are the most critical since they have to revise their rules as per the political environment of the country (Hallinger and Bryant 2013). Political instability could eventually result in slower economic growth. Since, Tata Group has businesses in all over the world, the political background of each country plays an important role for the business growth. b)EconomicFactors:Theeconomicfactors,ontheotherhand,are responsible for the proper determination of the economic growth of any specific country. Moreover, the purchase behaviour of the customers is also described with the help of these specific factors (Balasubramanian, Bhattacharya and Krishnan 2015). The UK economy is revived easily and rapidly for Tata Group and hence they have stronger economic backgrounds in this country. c)Social Factors: The social factors eventually refer to the social activities, consumer trends, customer habits, lifestyle and many more. These factors have helped Tata Group to know about the choice of products for all types of customers in any company. They have focused on the automobile industry in the United Kingdom and this is mainly because people in this country prefer to buy luxury cars.
5 RICHARD WELFORD CASE STUDY d)Technological Factors: The final factor for external environmental analysis is technological factors (Tan and Carrillo 2017). They have used Internet for opening new transactional potentials and for managing as well as operating prospects like global market targeting and market research. 2.AnalysisofOrganizationalStrategicPositionwithLeadershipand Communication,CompanyCulture,CompanyPosition,Strengthsand Limitations of tools and Requirements of Customers The external environment involves political, environmental, sociological and technological trends or events, which could eventually affect the significant business indirectly or directly (Sönmezet al. 2013). The analysis of the strategic position of Tata Group is as follows: a)Leadership and Communication: As per Richard Welford, Tata Group has always focused on their leadership and communication. Most of their long term and short term strategies are being formulated by the lower leadership rank in the business. Every stakeholder in involved in the organizational decisions and thus communication is enhanced here. b)Organizational Culture: The organizational culture is majorly aligned with the respective business strategies in Tata Group (Greco, Cricelli and Grimaldi 2013). Thesebusinessstrategieshavestrongerimpactsontheorganizationalprofit. However, recently with the growth of several similar organizations in sector, Tata Group is unable to align their business strategies eventually and hence they are losing their profits in business. c)Organizational Position: Tata Group has always been on the top position in the market sector; however recently their position has come down and they are facing several issues. d)Strengths and Limitations of SWOT and PEST Analysis: The SWOT analysishashelpedTatatoidentifytheirstrengths,weaknesses,threatsand opportunities; however it is not effective for providing solutions to the weaknesses and threats (Odoki, Anyala and Bunting 2013). PEST analysis has helped them in analysingtheexternalfactorsofpolitical,economic,socialandtechnological; however the legal issues are not identified.
6 RICHARD WELFORD CASE STUDY e)Requirements of Clients: Various countries have different customers and Tata Group has been effective in fulfilling the demands of their each and every customers. They have also focused on the costs and quality of products. 3. Identification of Major Issues that should be addressed by Tata Group The major issues that should be addressed by this organization of Tata Group are as follows: i)Strategy Alignment: Thefirst and the foremost issuethat should be addressed by Tata Group is the strategy alignment (Grant 2016). They lack proper alignment of business strategies with business processes. ii)Existing Marketing Strategy: Another important issue is that they are still following their existing and old marketing strategy. This type of marketing strategy has become obsolete and thus the new customers are not knowing about the products. iii)ProductDiversification:TataGroupdoesnotoftenbringproduct diversification and this is yet another significant issue in their business, which should be addressed properly (KRYLOV 2013). Section 2: Three Recommendations for the Organization The three distinct and important recommendations after completion of above analysis for Tata Group are as follows: i)ProperAlignmentofBusinessStrategies:Thefirstandthemost significant recommendation for Tata Group is to properly align their several business strategies with their business process. Moreover, the organizational structure and resources would also be linked with the business strategies and hence making the business strategies extremely effective and efficient. The people contribution, inputs and processes are optimized by enabling the high performance. Hence, leadership and communication strategy of the company could be easily enhanced by them and the respective internal and external stakeholders of this organization should be involved for completion of this activity. ii)Involvement of New Marketing Strategy: The second important and noteworthyrecommendationforTataGroupistheproperinvolvementofnew marketing strategy. Since, the existing marketing strategy of this organization has
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7 RICHARD WELFORD CASE STUDY become obsolete, it is extremely mandatory of them to implement a new marketing strategy and eradicate the issues subsequently. For this particular recommendation, involvement of internal and external stakeholders is extremely important. These stakeholders could easily help the organization or business is formulating the new strategy that would be quite effective for Tata Group. iii)Bringing Diversifications in Products: Another distinct and important recommendation for this organization of Tata Group is bringing major diversifications in their products. This is one of the most important requirements in their business since, it would help them in attracting more customers and as per Richard Welford; theywouldbeabletogaintheirmarketpositiononceagaininmarket.The leadership and communications strategy of this organization could be a major help forthisrecommendationimplementation.Withproperleadershipand communications within the organizational stakeholders, it would be quite easier for them to bring significant or subsequent diversifications in the products. Section 3: Procedure of Implementation of Recommendations 1.ExplanationofOrganizationImplementingRecommendationsfor Supporting the Changes Strategic analysis is the significant procedure to conduct research on the specifiedorganizationandtheoperatingenvironmentforthecorepurposeof formulating a strategy (Shukre 2013). There are various common factors for this type of strategic analysis process like identification and evaluation of data accurate to organizational strategy, defining internal and external environments that are to be analysed and many more. Tata Group could implement the three above mentioned recommendationsintheirbusinesswithproperimplementationproceduresand these are as follows: i)ProperAlignmentofBusinessStrategies:Thisisthefirst recommendation for this particular organization of Tata Group. They should properly align each of their business strategy with the business process for gaining significant profit from the customers. In the beginning, they should find out those processes that are not required any more in their organization (Peattie and Belz 2013). This type of search would ensure that there are no obsolete and wrong business process present in the organizational structure and hence only proper processes are being followed.
8 RICHARD WELFORD CASE STUDY When this step would be completed by Tata Group, it would be extremely easy for the organizational management or stakeholders to implement and apply few of the major business strategies. These distinct changes could be easily applied to the businesswithstrategicalignment.Itevenenableshighperformancebythe optimization of process, people and input contributions for reducing the wastage of efforts. ii)Involvement of New Marketing Strategy: This second recommendation of involvement of new marketing strategy could be implemented easily in Tata Group withoutdisruptingtheirbusinessproductivity.Thetwobusinessmodelsof centralization of functionalities and decentralization of products and regions are eventually proved to be durable for the longer time because of the increment in organizationalevolution(ZimmermanandBlythe2013).Theproductdivision structure is the dominant model for Tata Group. However, the customers should knowabouttheirproductsandtheyareorganizingthemselvestofulfilthe requirements of clients. This would be done after proper marketing of the products and services of Tata Group. iii)Bringing Diversifications in Products: The third recommendation for Tata Group is to bring major diversifications in their products and services. Tata, being one of the oldest organizations in the world, had been on top market position since its initiation. However, in recent days, several similar and popular organizations have emerged in the market and hence Tata has lost some of their precious clients (Meffert2013).Theycanagainrevivetheircustomersbybringingproduct diversification. It is the core practice to expand the original market for any particular product. A proper approach should be chosen for this type of implementation and the risks should be evaluated beforehand. 2.AnalysisofLeadershipStyles,VisionCommunicationandLeadership Strategy and its Impact Communication marketing helps to integrate several promotional tools, so that they could work in harmony. There are several communication tools and various levels of integration like internal, external, vertical, data and horizontal. Integrated marketing communication helps to create competitive advantages, increases sales and profits and even helps to save time, stress and money (Burns, Bush and Sinha
9 RICHARD WELFORD CASE STUDY 2014). This IMC also wraps the communication within customers and eventually helps them in moving through the several phases of buying process. The specific company simultaneously consolidates the images, develops the business strategies and maintains relationship between customers. A bond of loyalty is maintained with their customers for protecting them from the inevitable competition. The overall efficiency and effectiveness is improved with the increment of profit in that specific company. a)Leadership Styles: Tata is famous for their proper leadership in the business. According to Richard Welford, Tata Group mainly focuses on team led culture and collective approach. This has helped them in eradicating the major issues faced due to issue with leadership (Villeneuve and Pasquier 2017). Moreover, the senior management of this organization tries to maintain the style of democratic leadership style in their business. It is helpful for the employees since they can share their views easily. The leadership models like McGregor Theory X and Y are also present in this particular organization. b)Communication of Vision with Stakeholders: Tata communicates their vision with key stakeholders by using several forms of media. The new technology has helped them in easy communication so that employees have clearer vision and hence Richard Welford has enjoyed working in that environment. c)Leadership Strategy and its Impact: The leadership strategy of Tata Groupisknowledgepower.Theyensurethattheemployeesarewell knowledgeable,sothatthereexistsnoloopholeregardingbusinessprocess implementation (Weinstein and Pohlman 2015). This specific strategy has a stronger impact on the organizational direction since the leaders have only involved best employees in the business. 3. Actions to be taken by Tata Group for Achieving the Recommendations TheactionsthatshouldbeundertakenbyTataGrouptoachievethe recommendations are as follows: i)Involving Strategy Analyst: For the strategic alignment purpose, Tata shouldinvolvestrategyanalystintheirbusiness.Thiswouldhelpthemin maintenance of proper balance between the business processes and strategies. It is
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10 RICHARD WELFORD CASE STUDY the significant procedure as well as result to link the organizational structure and resources with their strategies and business environment. ii)New Marketing Department: Tata should bring new marketing department in their business for marketing their products and services (Bagozziet al. 2018). When the customers get to know about the products and services, they would be willingtotryouttheirproducts.Themarketingstrategycouldbeinvolvedby subsequently involving the major costs and difficulties to find out several structural ways for unlocking the values. iii)Periodical Market Survey: For bringing product diversification in business, Tata should know about their customer requirements and for this purpose, periodical market survey is important. Although, Tata has already brought few diversifications in few products, they have to include this strategy in almost every product. Section 4: Critical Reflection on the CMI Module with Gibbs Reflective Cycle The CMI module has provided several important and significant knowledge through its workshops and learning journeys. The first workshop was about strategy. The role of consultant and factors involved in strategic positioning were being described here. Moreover, the correct use of strategic tools is also provided in this workshop. This particular workshop was extremely helpful in knowing about qualities of a consultant, strategic tools like PESTLE and Porter’s Five Forces and proper evaluationofstrategies.Thesecondworkshophashelpedinunderstanding importanceofstrategiesmanagement,leadershipstylesandstrategiesand application of these strategies. The third workshop was about the role of creative thinkinginconsultancyandleadershipandthefinalworkshopwasregarding managers as effective leaders. The contribution of managers in effectiveness of company was presented here.
11 RICHARD WELFORD CASE STUDY Figure 1: Gibbs Reflective Cycle (Source: Shukre 2013) As per Gibbs cycle, the plan of action of these four workshops is to apply creative thinking and analysis power to make and implement strategies within any organization. I would be able to apply this particular learning experience in my future career aspirations by applying in the organization, where I would work. The strategic tools would help me in analysing my macro and micro environment of the company. I would use the leadership strategies while leading a team in my work and I would feel motivated enough. As per Gibbs cycle, feelings are required for any person. From the final workshop, I would be able to contribute and evaluate my knowledge and understanding for the betterment of company. Conclusion Therefore, from the above discussion, it can be concluded that integrated marketing communication or IMC eventually ensures that each and every form of message and communication are properly linked together. The risks of the business are reduced and hence the business processes are made more credible. The outcomeofthebrandcomparisonsisconsideredwiththehelpofintegrated marketingcommunication.Theabovereporthasclearlyoutlinedanintegrated marketing communication report for the organization of Tata Group. The report is being sub divided into four sections and every section is described in terms of the
12 RICHARD WELFORD CASE STUDY case study of Richard Welford for Tata Company with proper details. Internal and external environment analysis with significant issues are also provided in this report. Moreover, proper and relevant recommendations are also provided in this report in respect to the strategy of leadership and communication of Tata Group. Richard Welford is a former employee of this particular organization and appropriate details are being provided here. A critical reflection on the CMI module is also provided in this report with a model of Gibbs reflective cycle.
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